Coming into Force
Eventual No. of Companies
Disclosure standard
Geographical scope
Mandatory Transition Plan Disclosure
Corporate Sustainability Reporting Directive (CSRD)
EU led with global applicability for companies
Disclosure as to whether a company has one, and if so, details need to be provided
2025
~ 50,000
Financial Conduct Authority (FCA) Sustainability Disclosure requirements
UK
Yes
2026
~ 600 in first wave
Corporate Sustainability Due Diligence Directive (CSDDD)
EU
Yes
2027
~ 6,500
International Financial Reporting Standards (IFRS) S2, aka the ISSB standards
Global
In various jurisdictions, once ratified
Disclosure as to whether a company has one, and if so, details need to be provided
From 2025
TBD
Securities and Exchange Commission (SEC) Climate Rule
US
Yes, if adopted to manage a material transition risk
TBC
TBD